Bitcoin is trying to hold above $66,500 but faces strong resistance from bears, with some analysts warning the $60,000 support could break, potentially pushing BTC down to $52,500 or lower. Major altcoins like Ether, BNB, XRP, and Solana are also under pressure, with several at risk of falling below key support levels, signaling continued bearish control. However, some metrics suggest Bitcoin may be nearing a bottom similar to previous bear markets, while bullish scenarios remain if key resistance levels are surpassed. Investors should watch for price action around these critical support and resistance zones to gauge market direction.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
